Tencent-affiliated China Music Corp plans Nasdaq IPO, eyes proceeds up to $600m

Tencent-affiliated China Music Corp plans Nasdaq IPO, eyes proceeds up to $600m

Tencent-affiliated China Music Corp. (CMC), which backs Chinese online music services Kugou and Kuwo, is targeting to conduct an initial public offering (IPO) in the US before the end of 2016 on the NASDAQ.

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